Nigel Green believes that the first cryptocurrency is the best investment asset at the moment, since the number of bitcoins is limited to 21 million coins.
“Right now, Bitcoin is probably the best asset in terms of growth potential until the end of the year. It is at $60,000, but many expect it to be at $100,000 by the end of the year. Is this possible? It is quite possible, because the number of Bitcoins is limited. That is, if the demand for BTC increases, then the price will go up. Bitcoin is not at all the same as the US dollar, when the Fed can just print more,” Green believes.
He also noted that the possible election of Donald Trump as US President could play into Bitcoin’s hands – Trump has repeatedly spoken out in favor of the first cryptocurrency and other digital assets.
Also important is the approval of spot ETFs in the US, which have accumulated a significant amount of coins, and the general geopolitical tensions that are causing people to seek a store of value in alternative assets.
Let us recall that at the beginning of the year, Green predicted a rapid rise in Bitcoin to $60,000, and his forecast turned out to be quite accurate.
Source: Bits
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